Mitsubishi UFJ Asset Management Co. Ltd. Buys 88,600 Shares of Nu Holdings Ltd. (NYSE:NU)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,504,884 shares of the company’s stock after buying an additional 88,600 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in NU were worth $27,479,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Piscataqua Savings Bank boosted its position in NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares in the last quarter. Campbell Capital Management Inc. bought a new stake in NU during the fourth quarter valued at about $52,000. Whipplewood Advisors LLC purchased a new position in NU in the fourth quarter valued at about $62,000. Ethos Financial Group LLC purchased a new position in NU in the fourth quarter valued at about $82,000. Finally, Berbice Capital Management LLC bought a new position in NU in the fourth quarter worth about $93,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Performance

Shares of NU stock opened at $10.34 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The business has a fifty day moving average of $12.04 and a 200 day moving average of $12.75. The firm has a market capitalization of $49.26 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. As a group, research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. UBS Group cut their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and cut their price target for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Barclays decreased their price objective on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their target price on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.47.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.